Word: cbs
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Everyone is concerned about the state of Reagan's health. But once again the media told me more than I wanted to know. Any day I fully expected the CBS Evening News to sign off as follows: "Thanks for being with us. This is Dan Rather reporting from inside the President's colon. Good night." George Zinnemann Upper Marlboro, Md. The Whiz Kid's Exit...
TAKEOVERS CBS to Turner...
...summer has not been kind to Ted Turner. His Atlanta Braves are buried in fifth place in the National League West, and now the cable-TV king's chances of gaining control of CBS appear to be as slim as his World Series hopes. Last week CBS succeeded in buying back 21% of its own stock for about $1 billion in a deal that will make it virtually impossible for Turner's takeover effort to succeed. Both the Federal Communications Commission and a U.S. district court in Atlanta blocked Turner's last-minute legal challenges to the network's move...
Investors have balked at Turner's bid for CBS, which he valued at $175 per share, because he put no cash on the table. Instead, he offered a combination of securities in his broadcasting company and other IOUs of uncertain value...
...moved out to Los Angeles right after graduation, finding low-level assistant work at CBS. But she soon jumped ship to the Peacock network, where she was promoted to an executive three years...